UK-Based Future Acquires Purch for $132.5 Million

Future plc has reached an agreement to acquire U.S.-based rival Purch's consumer-facing brands, as well as its RAMP ad tech platform, for $132.5 million (£102 million), significantly expanding the London-based technology publisher's already growing North American footprint. Under the terms of the deal, expected to close in August, assets including Tom's Guide, Tom's Hardware, Live Science and Space.com, among other digital media brands—as well as Purch's multimillion-dollar ad tech licensing business—will join Future's U.S. portfolio, alongside consumer-facing brands such as PC Gamer and MacLife, and NewBay Media, which Future acquired in April for $13.8 million. "The two businesses share similar cultures," said Future CEO Zillah Byng-Thorne in a statement. "We both share our audiences' passion, we're data-driven, ambitious, and both have an innovative mindset. From day one, Future will be number-one in the U.S. consumer technology sector, and beyond this we see clear opportunities for combined growth." Not included in the sale to Future U.S. is Purch's small business-focused b2b unit, a portfolio whose properties include Business.com and Business News Daily as well as the online platform BuyerZone. That unit, which itself has expanded substantially in recent years under SVP and GM Aaron Bailey, will be rebranded as Business.com after the acquisition closes. "Our focus on content and commerce and the development of proprietary monetization technology enabled us to build a... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2018-07-19 00:00:00 UTC ]
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Baltimore-based lending software company to be acquired by Netherlands firm for $280 million

Baltimore tech company eOriginal is set to be acquired by Netherlands-based Wolters Kluwer for about $280 million, the information and software firm announced in a news release Thursday. Continue reading at Baltimore Sun

[ Baltimore Sun | 2020-12-10 22:23:55 UTC ]
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Industry Notes: UK-based Book Aid International: 1.2 Million Books in 2019

The charity last year was at work in 23 refugee camps, 38 prison libraries, 1,567 schools, 635 public libraries, and more. The post Industry Notes: UK-based Book Aid International: 1.2 Million Books in 2019 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-08-14 17:51:35 UTC ]
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Future Plc Acquires SmartBrief for $45 to $65 Million

Future plc has acquired Washington, D.C.-based online B2B publisher SmartBrief, the latest move in a string of purchases aimed at expanding the London-based media giant's presence in the U.S. Expected to close on Wednesday, the agreement involves an initial purchase price of $45 million—funded... Continue reading at Folio Magazine

[ Folio Magazine | 2019-07-30 16:09:27 UTC ]
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Future plc iPad App Sales Hit $5 Million Since Newsstand Debut

In its interim statement for its fiscal half-year ending March 2012, enthusiast publisher Future plc is reporting a quickly growing digital operation. Continue reading at Folio Magazine

[ Folio Magazine | 2012-05-24 00:00:00 UTC ]
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HarperCollins will acquire the trade division of Houghton Mifflin Harcourt for $349 million.

Only three months after the high-profile merger of Penguin Random House and Simon & Schuster, The New York Times reported earlier this morning that HarperCollins, one of publishing’s “Big Five,” will acquire Houghton Mifflin Harcourt Books and Media—Houghton Mifflin Harcourt’s trade... Continue reading at Literrary Hub

[ Literrary Hub | 2021-03-29 14:25:08 UTC ]
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Chicago company acquires San Mateo-based QuanticMind

Chicago-based Centro Inc., a maker of advertising software, is acquiring a San Mateo-based predictive advertising technology company.  Centro announced Wednesday that it is acquiring QuanticMind Inc. Its software uses artificial intelligence and machine learning to analyze data and provide... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2021-02-24 22:49:15 UTC ]
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UK: Welbeck Acquires Australian Illustrator Robert Ingpen’s Backlist

en titles from illustrator Robert Ingpen now form the basis of a new UK children's book publishing imprint, Welbeck Children's Classics. The post UK: Welbeck Acquires Australian Illustrator Robert Ingpen’s Backlist appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-01-14 17:48:52 UTC ]
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Scholastic UK acquires book from Mangan siblings

Scholastic UK has acquired Escape the Rooms, the "dazzling" children’s book debut from actor Stephen Mangan, illustrated by his sister Anita Mangan. Continue reading at The Bookseller

[ The Bookseller | 2021-01-13 03:30:19 UTC ]
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Yellow Kite acquires 'revolutionary' plant-based cookbook

Yellow Kite will publish The Plant-Based Diet Revolution: 28 days to a Healthier Gut and a Happier You by consultant gastroenterologist Dr Alan Desmond (pictured) and chef Bob Andrew. Continue reading at The Bookseller

[ The Bookseller | 2020-10-09 10:26:04 UTC ]
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Wave.tv Secures $32 Million to License, Acquire Sports Media Brands

With most live sports on hold for the past several months, sports media publishers have had to stretch their imaginations to find interesting stories to show and tell. Wave.tv, a digital media company built around working with license holders to repackage archival sports, hopes to invest more in... Continue reading at AdWeek

[ AdWeek | 2020-07-22 14:00:38 UTC ]
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Scholastic UK acquires 'heart-stopping' Windrush story by Zephaniah

Scholastic UK is to publish Windrush Child by Benjamin Zephaniah as part of its Voices series.  Continue reading at The Bookseller

[ The Bookseller | 2020-04-28 09:03:54 UTC ]
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Sewickley-based software company acquired by Aderant

Bellefield Systems, a Sewickley-based software firm, has been acquired by Aderant. The local firm specializes in timekeeping software for lawyers, including iTimekeep and OCG Live. The company has 24 employees at its office, according to data from the most recent Book of Lists. “When we... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2019-12-26 16:39:21 UTC ]
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Hour Media Acquires Six More Florida-Based Lifestyle Magazines

Palm Beach Media Group, a subsidiary of regional mag publisher Hour Media Group, has acquired Ft. Lauderdale-based Gulfstream Media group and its portfolio of local luxury lifestyle titles, the company announced. Included in the deal are Gold Coast, Boca Life, The Palm Beacher, Jupiter, Stuart... Continue reading at Folio Magazine

[ Folio Magazine | 2019-12-11 18:23:16 UTC ]
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Restaurant software startup raises $5 million

Fairfax restaurant software startup MarginEdge Co. has raised $5 million in fresh funding, the company announced Tuesday. The round was led by Osage Venture Partners with participation from New York-based In Good Company Hospitality. It brings its total funding since MarginEdge's founding in... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2019-10-22 12:00:00 UTC ]
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S&S UK acquires Hammonds Reed’s retelling of Rodney King riots

Simon & Schuster (S&S) Children’s UK has bought the UK and Commonwealth rights to The Black Kids by Christina Hammonds Reed, which is set during the 1992 Rodney King riots. Continue reading at The Bookseller

[ The Bookseller | 2019-07-16 07:46:34 UTC ]
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City targets illegal $5 million Airbnb ring

City officials are going after a group of landlords, accusing them of operating a ring of illegal short-term rentals that they marketed on popular booking sites including Airbnb, booking.com and... To view the full story, click the title link. Continue reading at Crains New York

[ Crains New York | 2019-06-20 17:52:51 UTC ]
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City targets $5 million illegal Airbnb ring

City officials are going after a group of landlords for operating a ring of illegal short term rentals that they marketed on popular booking sites including Airbnb, Booking.com and Homeaway.com. The... To view the full story, click the title link. Continue reading at Crains New York

[ Crains New York | 2019-06-20 17:52:51 UTC ]
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U.K. Investment Group Acquires Barnes & Noble for $683 Million

It's a new--wait for it--chapter for bookseller Barnes & Noble, which will be acquired by U.K. investment firm Elliott Advisors in an all-cash deal worth $683 million. Barnes & Noble joins a portfolio that also includes U.K. bookseller Waterstones, which Elliott acquired in June 2018.... Continue reading at AdWeek

[ AdWeek | 2019-06-07 20:03:20 UTC ]
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UK sales of translated fiction grows by 5%

UK sales of translated fiction grew by 5.5% last year, largely thanks to sales by top authors like Jo Nesbo, research commissioned by the Man Booker International Prize shows. Continue reading at The Bookseller

[ The Bookseller | 2019-03-06 00:00:00 UTC ]
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